Monday, September 29, 2008

Pirates demand $20 mil for ship

Pirates demand $20 mil for ship
U.S. Navy patrols seized boat loaded with Russian tanks

MOGADISHU, Somalia - As a heavily armed U.S. destroyer patrolled nearby and planes flew overhead Sunday, a Somali pirate spokesman told the Associated Press his group was demanding a $20 million ransom to release a cargo ship loaded with Russian tanks.

The spokesman also warned that the pirates would fight to the death if any country tried military action to regain the ship, and a man who said he was the ship's captain reported that one crew member had died.

Pirates seized the Ukrainian-operated ship Faina off the coast of Somalia on Thursday as it headed to Kenya carrying 33 Russian-built T-72 tanks and a substantial amount of ammunition and spare parts. The ordnance was ordered by the Kenyan government.


Read Article: AZ Central

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Thursday, September 25, 2008

WaMu is largest U.S. bank failure

WaMu is largest U.S. bank failure

By Elinor Comlay and Jonathan Stempel
1 hour, 11 minutes ago



NEW YORK/WASHINGTON (Reuters) - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion

Thursday's seizure and sale is the latest historic step in U.S. government attempts to clean up a banking industry littered with toxic mortgage debt. Negotiations over a $700 billion bailout of the entire financial system stalled in Washington on Thursday.

Washington Mutual, the largest U.S. savings and loan, has been one of the lenders hardest hit by the nation's housing bust and credit crisis, and had already suffered from soaring mortgage losses.

Washington Mutual was shut by the federal Office of Thrift Supervision, and the Federal Deposit Insurance Corp was named receiver. This followed $16.7 billion of deposit outflows at the Seattle-based thrift since Sept 15, the OTS said.

Read Article: Yahoo News

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Fate of Friday's presidential debate remains a question

Fate of Friday's presidential debate remains a question

From staff and wire reports
The fate of Friday night's first presidential debate hung in the balance Thursday as John McCain confirmed that he would not attend during the economic crisis and Barack Obama said the American people deserved to hear from the candidates.
The debate is scheduled for Friday night at the University of Mississippi in Oxford, Miss., with Jim Lehrer, of PBS' NewsHour moderating.



Read Article: USA TODAY

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Wednesday, September 24, 2008

Flu Shots Season

Flu shot season begins with ample supply coming
Sept. 24, 2008 03:40 PM
Associated Press
WASHINGTON - Just about everybody needs a flu vaccine - unless you're an infant or a healthy adult hermit - but far too few of the Americans who need protection the most get it.

That's the message as flu-shot season officially began Wednesday with a call for a record number to be inoculated - including 30 million more school-age children than ever before targeted.

"Get out there and get protected and protect others and for sure protect your children," said Dr. Julie Gerberding, director of the Centers for Disease Control and Prevention

Read Article: AZ CENTRAL

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Tuesday, September 23, 2008

US Stocks

U.S. stocks maintain modest rise as bailout debated

By Kate Gibson, MarketWatch


NEW YORK (MarketWatch) -- Stocks edged up Tuesday after the prior session's heavy losses, with investors tuned into Treasury Secretary Henry Paulson's testimony on Capitol Hill as lawmakers haggled over the $700 billion bailout plan designed to clear banks of bad debt.

"Investors remain reluctant to stick their necks out too far, even as policymakers meet to discuss the proposed bailout plan. A nagging fear of 'what ifs' is also weighing on sentiment," said Frederic Ruffy, options strategist at WhatsTrading.com.

Read Article: USA TODAY

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Monday, September 22, 2008

Pakistan Rejects U.S. Help

Pakistan rejects U.S. help in probe of hotel blast

By Paul Wiseman and Zafar M. Sheikh, USA TODAY
ISLAMABAD, Pakistan — Pakistan on Sunday rejected a U.S. offer to help investigate the weekend suicide bombing that killed at least 53 people and destroyed the Islamabad Marriott, this capital city's best-known hotel.
"We do not need help. We are competent. We reject it," Interior Ministry adviser Rehman Malik told reporters Sunday after the U.S. offered FBI help in pursuing the terrorists behind the attack


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Early Voting Starts Today In Some States

Early voting starts today in some states

By Richard Wolf, USA TODAY
FAIRFAX, Va. — Voters by the thousands will begin casting ballots for president this week in an early voting process that's expected to set records this year.
Residents of Virginia, Kentucky and Georgia are among the first in the nation eligible to vote in person, as well as by mail. During the next few weeks, at least 34 states and the District of Columbia will allow early in-person voting for Nov. 4 elections.

Experts such as Paul Gronke of the Early Voting Information Center predict nearly a third of the electorate will vote early this year, up from 15% in 2000 and 20% in 2004. In closely contested Colorado, Nevada and New Mexico, about half the voters are expected to cast ballots before Election Day. Florida could be 40%.



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Friday, September 19, 2008

Light Rail Train Carsh

Light rail train, bus crash near downtown LA
Sept. 19, 2008 07:18 AM
Associated Press
LOS ANGELES - Fire officials say a light rail train has collided with a bus south of downtown Los Angeles, injuring at least 13 people.

Fire department spokesman Brian Humphreys says it's unclear how the accident happened. Humphreys says most of the injuries appear to be minor.

The crash involving the Metro Blue Line comes one week after a Metrolink train linking the city to suburbs smashed into a freight train in the San Fernando Valley, about 30 miles northwest of downtown.


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IKE

Post-Ike: 'It's a public health emergency'

By Donna Leinwand, USA TODAY
HOUSTON — A 30-year-old man falls 25 feet from a cherry picker, smacking his head and breaking his leg so badly that bone pokes through his thigh. A trauma team at Texas Medical Center's Memorial Hermann Hospital crowds around him.
Nearby, a trauma team prepares for a patient arriving by helicopter who was hit in the head by a falling tree.

It is noon Thursday, five days after Hurricane Ike. Every bed in the emergency department is full. Nearly every 20 minutes, a helicopter carrying another critically ill person lands on the roof.

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Thursday, September 18, 2008

Cell Phone Texting

Authorities: Engineer texting on day of Calif. train wreck
LOS ANGELES (AP) — U.S. authorities investigating why a commuter train engineer ran through a red signal and into an oncoming freight train have confirmed that he was text messaging while working on the day of the fatal collision.
The California Public Utilities Commission, meanwhile, was scheduled to vote Thursday on a proposed emergency order banning the use of cellphones while operating a train. Commission President Michael R. Peevey, who is seeking the order, said some railroads have such policies but they're widely ignored.

Read Article: Cell Phone Texting

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Wednesday, September 17, 2008

No Child Left Behind

Elementary, middle school kids make gains
Updated 1d 21h ago | Comments6 | Recommend3
The Associated Press
Students are doing better in elementary and middle school, but key indicators show little progress among high school and college students, Education Secretary Margaret Spellings said.
"We've got a long way to go," Spellings said in an interview with The Associated Press. "We've turned the tide. We've started. We've gone from heretofore flat to making some real progress, where we've focused."

She cited a few of what she called leading indicators to make her point. Spellings was presenting the figures Monday at an education conference sponsored by the Aspen Institute, a think tank.

Kids in elementary and middle school have made progress because that is where the focus has been, Spellings told the AP.

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Tuesday, September 16, 2008

Stocks higher in volatile trade after stocks fall in Asia, Europe

Staff and wire reports
NEW YORK — Stocks pulled well off their lows Tuesday as the financial sector partially recovered from Wall Street's worst session in years and as investors grew hopeful about a Federal Reserve interest rate cut. The Dow Jones industrial average traded in a wide range, sometimes dropping more than 100, sometimes up nearly 100.
Worries about AIG's well-being have intensified after several ratings agencies reduced their ratings on the company. Lower ratings can add to the amount of money the already cash-strapped company has to set aside. Investors are fearful that a failure by the world's largest insurer would touch off a wave of financial turmoil. AIG fell.

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Monday, September 15, 2008

Is sad to know becuase of possible text message a mess like this resulted.

Feds look into texting before L.A. train crash

LOS ANGELES (AP) — Federal officials investigating a commuter rail collision that killed 25 people said they want to review cellphone records to determine if an engineer blamed for running a stop signal before the crash may have been text messaging at the time.
With no answer on the cause of Friday's crash, a smaller number of commuters than normal returned to the rails Monday morning.
Mayor Antonio Villaraigosa boarded one of the morning's earliest trains.
"I want to dispel any fears about taking the train," the mayor said. "Safety has to be our number one concern, and while accidents can and do happen, taking the train is still one of the safest and fastest options for commuters."
The National Transportation Safety Board confirmed on Sunday that the engineer, who was killed in the crash, had failed to stop at the final red signal.


Read Article: USA Today


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